Weitz of Metro Property Group/Houlihan Parnes places $650,000 first mortgage

Houlihan-Parnes Realtors & Q10 NY Realty Advisors, LLC have placed a $650,000 first mortgage on 124-128 East Post Rd., a 5,800 s/f building at the corner of Court St. The five-year, non-recourse loan is fixed at 4.5% interest on a 30-year amortization schedule, plus has a 5-year option. 124-128 East Post Rd. is located one block from Mamaroneck Ave. and currently houses Full Moon Thai Restaurant, El Cafetero, a Columbian Bakery and it's newest addition Papaniche Ristorante. Papanice will be the second restaurant for owner and chef Ralph Pisani. Pisani's other establishment, Abatinos, has been a mainstay in North White Plains for over 25 years. The borrower was represented by Craig Weitz of Metro Property Group & Houlihan Parnes Realtors. Michael Lynch, Esq. was borrowers counsel. Title was provided by Wayne Baird of First American Title. Houlihan Parnes Realtors, LLC is a multi-dimensional privately owned real estate company founded in 1891. The company has a significant number of multi-family and commercial buildings throughout the United States. Houlihan Parnes Realtors, LLC and its affiliated companies also provide a wide array of services including sales, mortgage finance, management, leasing, servicing, and consulting services. Metro Property Group is a Houlihan Parnes affiliated management company under James K. Coleman's supervision. The company manages a number of Houlihan Parnes Investment properties and provides third party management services.